Cryptocurrency Q&A How do push payments work?

How do push payments work?

SumoStrength SumoStrength Tue Dec 03 2024 | 6 answers 1479
I'm curious about how push payments operate. Could someone explain the mechanism behind it? How do push payments work?

6 answers

Nicola Nicola Thu Dec 05 2024
A push payment is a form of payment where the payer actively initiates the transfer of funds.

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BitcoinBaroness BitcoinBaroness Thu Dec 05 2024
This method differs from other payment methods where the payee requests or receives money.

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MountFujiMystic MountFujiMystic Thu Dec 05 2024
In a push payment, the payer has complete control over the payment process.

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Lucia Lucia Wed Dec 04 2024
They decide the amount of money to be transferred and the destination of the funds.

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CryptoQueen CryptoQueen Wed Dec 04 2024
This gives the payer a high degree of autonomy and flexibility in managing their finances.

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